Freehold, NJ—February 14, 2001— Piranha, Inc. (OTC BB: BYTE), an innovator in data compression technology and workflow solutions, today announced the sale of Piranha ByteTM 1.5 to Pacific Digital Image, a state-of -the-art pre-press firm in San Francisco.
Pacific Digital Image is recognized throughout the U.S. for its expertise in color management and asset management. Its customers include McCann Erickson-Anderson Lembke, Young & Rubicam, J. Walter Thompson, Amazon, Grey Advertising, Old Navy and Publicis & Hal Riney.
“The nature of our industry is constantly evolving,” said Alexander Lankston, Plant Manager for Pacific Digital Image. “Our business has changed from strict pre-press to provider of digital services for both online and print applications, coupled with the proliferation of digital delivery methods requiring speed and file integrity.
“I am pleased to discover that Piranha Byte delivers both to a degree unheard of in compression applications. It provides us with a distinct competitive advantage.”
“The very enthusiastic reception of Piranha science throughout the digital imaging and asset management industry, particularly by well-recognized companies such as Pacific Digital Image, is a testimony to the value of our products,” said Larry E. Greybill, Piranha president. “We are excited about their use of Piranha Byte and look forward to working with Pacific Digital to provide them with tools for their services in the internet and streaming video industries as well.”
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